Here at ATS we are the ones who speculate, "how far down does the rabbit hole go" and this site is a great resource. As a person who works on foreclosures I have an inside view of the back-end of the mortgage crisis. This lawsuit will lift the veil on the banks corrupt business practices as the banksters FED drives the American economy into the ground with crony capitalism. This is the only comprehensive lawsuit that I have seen that is making the banksters accountable for the "systemic fraud" of the system they built and manipulated for profit. and The quotes in Slire Law's press release kinda sums up my thoughts on the matter;
""The laundering of trillions of dollars of U.S. taxpayer money -- and the wrongful taking of the homes of those taxpayers -- was known by the Administration and expressly supported by it. Evidence uncovered by the plaintiffs revealed that the Administration ignored its own agencies' reports -- and reports from the Department of Homeland Security -- about this situation, dating as far back as 2010. Worse, the Administration purported to endorse a 'national bank settlement' without disclosing or having any public discourse whatsoever about the thousands of foreign tax havens now wholly owned by our nation's banks. Fortunately, no home owner is bound to enter into this fraudulent bank settlement," stated Eric J. Wittenberg of Columbus, Ohio -- a noted trial lawyer, author and student of US history -- on behalf of plaintiffs in the case. "
"Commenting further on the case, Mr. Wittenberg stated: "As if it is not bad enough that banks collect money and do not credit it to homeowners' accounts, and as if it is not bad enough that those banks then foreclose when they know they do not have a legally enforceable interest in the realty, we now learn that they have been operating under unbridled free reign given by the Administration and some states' Attorneys General in formulating this international money laundering network. Now that the light of day has been shined on it, I believe we can all rest assured that the beginning of the end of the bank crisis has arrived."
Spire Law Group, LLP is a national law firm whose motto is "the public should be protected -- at all costs -- from corruption in whatever form it presents itself." The Firm is comprised of lawyers nationally with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the masses. The Firm is at the front lines litigating against government officials, banks, defunct loan pools, and now the very offshore entities where the corruption was enabled and perpetrated.
James N. Fiedler, Esq.
Spire Law Group, LLP
(visit the link for the full news article)
edit on 30-4-2012 by fnpmitchreturns because: fix quotes